Slow credit uptake, unstable private sector take toll on EA economies
Slackening credit uptake threatens economic growth among East African countries. TEA GRAPHIC
East Africa’s biggest economies are grappling with slackening credit uptake, which now threatens economic growth in what has so far been Africa’s fastest-growing region.
Kenya’s figures for March released last week point to a contraction, for the first time in a decade, forcing the World Bank to revise growth expectations, as it has done in Tanzania.
